33.8 C
Saturday, May 25, 2024
HomeBitcoin NewsCEX.IO Adds Dash to its Trading Platform

CEX.IO Adds Dash to its Trading Platform


Related stories

It is always interesting to see more trading platforms add support for popular cryptocurrencies. CEX.IO is a well-known company in the world of cryptocurrency.The company recently enabled support for Dash, which is one of the most popular altcoins right now. This is an interesting development that will hopefully provide more liquidity for this altcoin. It is also good to see a FinCEN-registered exchange support this currency right now.

CEX.io is one of the longest-running cryptocurrency exchanges today. Over the past few months, the company has gotten very little attention, which is somewhat surprising. Then again, there are so many exchanges now, it is only normal standing out becomes more difficult. The addition of Dash to this trading platform may turn things around once again. More specifically, Dash is one of the hottest altcoins in the world today thanks to its massive price increase.

Dash is now on CEX.IO

Bringing this altcoin to CEX is an interesting decision, though. After all, it is somewhat surprising the company wasn’t trading Dash up until now. Considering how they have a rather solid reputation in the cryptocurrency market, one would expect the top altcoins to be traded there as well. So far, it has not been the case, but things are finally picking up again.  Whether or not this is a smart decision by the company, remains to be seen, though.

Dash Core CEO Ryan Taylor comments as follows:

“CEX.IO has a long and respected track record operating in the digital currency space. Their team is highly focused on the safety, stability, and legal compliance of its platform. For Dash users and traders, the integration into CEX.IO represents another great option for them to acquire Dash through bank transfers or with payment cards from a significant number of countries.”

It is certainly true CEX can bring a few benefits to the Dash market in general. After all, having more platforms supporting the currency means there is a bigger ecosystem. Moreover, the platform provides a convenient buy / sell feature. When the concept of acquiring cryptocurrencies becomes more straightforward, things will pick up eventually. Moreover, given the company’s selective stance toward adding new cryptocurrencies, it is evident Dash joins a very select club. It will be interesting to see how things evolve for the company and Dash moving forward.

Header image courtesy of Shutterstock

JP Buntinx
JP Buntinx
JP is a freelance copywriter and SEO writer who is passionate about various topics. The majority of his work focuses on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.


Latest stories